Let me begin by saying Pachama is one of my favorite up and coming startups that has entered into the market selling carbon offsets to corporations.
Carbon offsets are an interesting business and my general view of the space used to be “a legal tax write-off with no quantifiable impact”. Pachama is one of the leading companies solving this core issue of validating the impact of carbon credits/offsets.
Reforestation efforts naturally need and require significant capital which is what these credits often provide in exchange for tax basis reduction.
Pachama Ensures Those Funds Actually Reduce Carbon Emissions
GPS was huge when the US opened it up to the private sector and now satellite imagery paired Machine Learning algorithms is paving the way to validating reforestation efforts are actually delivering impact.
With this level of technology in hand Pachama brings the ability to now put real value behind every single carbon credit they sell to these corporations – while helping them meet their sustainability goals and carbon reduction targets.
With customers like Microsoft and Shopify already on board with Pachama it shows that there is real value towards the earth and corporations alike when carbon credits actually function.
Pachama has recently closed a $5M Seed Extension round
With big name participants ranging from Breakthrough Energy Ventures to Amazon Climate Pledge Fund – Pachama has real firepower backing it now enabling it to truly scale through a pandemic and a potential upcoming recession.
Carbon offsets can truly be a way to quickly reduce emissions for large corporations while also delivering a global positive impact.
About The Author
Swarnav S Pujari
Founder of The Impact
Swarnav has over 10 years of experience in the energy & climate tech space, holds 2 patents and is active in the tech, climate and media industries. He specializes in Product/Product Innovation as well as Go-To-Market and Growth Strategy.
By training he’s a Materials Engineer with a background in research from his time at Georgia Tech and University of Illinois (UIUC).
He founded TouchLight a utility backed energy company focused on developing IP for utilities and startups pushing electrification forward. He also serves as the appointed Chairman for the Town of Yorktown’s Climate Smart Communities Task Force, where he helps with drafting legislation and enabling sustainability efforts within the town.
Concurrently, Swarnav founded The Impact to help investors, emerging founders and driven climate enthusiasts discover and identify new climate-tech startups, technologies and opportunities before they hit the traditional media sources.